20,122 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Purchased by MQS Management LLC

MQS Management LLC bought a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,122 shares of the construction company’s stock, valued at approximately $129,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital International Investors raised its stake in shares of CEMEX by 0.5% during the 4th quarter. Capital International Investors now owns 28,003,151 shares of the construction company’s stock worth $217,024,000 after buying an additional 152,587 shares during the last quarter. Principal Financial Group Inc. increased its holdings in CEMEX by 0.6% during the 2nd quarter. Principal Financial Group Inc. now owns 19,983,888 shares of the construction company’s stock valued at $127,697,000 after acquiring an additional 112,479 shares in the last quarter. RWC Asset Advisors US LLC raised its position in CEMEX by 32.3% during the second quarter. RWC Asset Advisors US LLC now owns 15,555,171 shares of the construction company’s stock worth $99,398,000 after acquiring an additional 3,796,262 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of CEMEX by 17.6% in the fourth quarter. Schroder Investment Management Group now owns 9,840,263 shares of the construction company’s stock valued at $76,262,000 after purchasing an additional 1,471,407 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of CEMEX by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,577,635 shares of the construction company’s stock valued at $68,274,000 after purchasing an additional 94,790 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CX shares. The Goldman Sachs Group started coverage on CEMEX in a research report on Wednesday, July 10th. They set a “buy” rating and a $9.00 price objective for the company. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $8.00 price target on shares of CEMEX in a report on Wednesday, August 21st. StockNews.com raised CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, Barclays raised shares of CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 target price for the company in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.70.

CEMEX Stock Up 1.3 %

Shares of NYSE:CX opened at $6.44 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 0.53. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 46.00 and a beta of 1.48. The stock’s 50-day moving average price is $6.25 and its two-hundred day moving average price is $7.16. CEMEX, S.A.B. de C.V. has a 12-month low of $5.50 and a 12-month high of $9.27.

CEMEX (NYSE:CX) last released its earnings results on Thursday, July 25th. The construction company reported $0.17 earnings per share (EPS) for the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. The business had revenue of $4.49 billion for the quarter. On average, research analysts forecast that CEMEX, S.A.B. de C.V. will post 0.84 EPS for the current year.

CEMEX Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.021 per share. The ex-dividend date is Friday, September 13th. This represents a dividend yield of 0.7%. CEMEX’s payout ratio is 28.57%.

CEMEX Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.